Masayoshi Son's venture powerhouse won't settle with the largest investment vehicle in technology in the world, the Wall Street Journal reported on Friday and said it learned from people familiar with the matter that another fund is in the making. Softbank Group Corp. is looking to build another one after Vision Fund and it may be even bigger when established, the article said.
The online industry giant's chairman and chief allegedly plans to create a fund of $200 billion, twice as big as its predecessor, which is yet to find the rest of the money. Son revealed to Nikkei, in an interview that came out today, that he aspires to start a tech fund at least once in three years and gradually enlarge the scope. After debuting this year, the existing vehicle should invest everything within two years, he added.
